Group 1 - The company, Shengda Resources (000603.SZ), stated on its investor interaction platform that it has not exported products containing silver metals [1]

Core Viewpoint - The company is gradually increasing the production capacity of Jingshan Mining to the approved scale of 480,000 tons per year, with operations largely unaffected except for temporary halts due to the Spring Festival and cold weather [1]. Group 1 - Jingshan Mining's production capacity is set to reach 480,000 tons per year as per the mining license approval [1]. - The mining operations are primarily running year-round, with flexible adjustments to ore processing times based on temperature and mining conditions [1]. - The company will fulfill its information disclosure obligations promptly if it receives approval for capacity expansion [1]. Group 2 - An investor inquired about the full production status of the 480,000 tons technical reform project and whether Jingshan Mining can maintain operations during winter [3]. - The company has initiated a 900,000 tons per year expansion project for the Erentaolegai III-IX silver mining section, with requests for updates on the project's specifics, progress, and production date [3].

Group 1 - The core point of the article is that despite the extremely low temperatures in Hulunbuir, which have dropped to minus 30 degrees Celsius, the mining and selection operations at Jinshan Mining are proceeding normally [2] Group 2 - Shengda Resources (000603.SZ) confirmed on the investor interaction platform that both mining and selection processes at Jinshan Mining are currently operating normally [2]

Core Viewpoint - The stock of Shengda Resources has shown a significant increase in price and trading activity, with a notable rise in revenue and net profit for the year 2025, indicating strong financial performance and investor interest [1][2]. Group 1: Stock Performance - On January 8, Shengda Resources' stock price decreased by 2.03% to 33.33 CNY per share, with a trading volume of 476 million CNY and a turnover rate of 2.12%, resulting in a total market capitalization of 22.997 billion CNY [1]. - Year-to-date, the stock price has increased by 7.66%, with a rise of 8.85% over the last five trading days, 16.17% over the last 20 days, and 27.12% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Shengda Resources achieved an operating income of 1.652 billion CNY, representing a year-on-year growth of 18.29%, and a net profit attributable to shareholders of 323 million CNY, reflecting a year-on-year increase of 61.97% [2]. - The company has distributed a total of 1.298 billion CNY in dividends since its A-share listing, with 120 million CNY distributed in the last three years [3]. Group 3: Shareholder Information - As of December 19, 2025, the number of shareholders for Shengda Resources was 35,100, a decrease of 3.38% from the previous period, while the average circulating shares per person increased by 3.50% to 18,973 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 16.6334 million shares, a decrease of 8.9271 million shares from the previous period, while Qianhai Kaiyuan Gold and Silver Jewelry Mixed A increased its holdings by 1.1311 million shares to 11.2169 million shares [3].

盛达金属资源股份有限公司（以下简称"公司"）于 2025 年 12 月 8 日召开 第十一届董事会第十三次会议，审议通过了《关于收购伊春金石矿业有限责任公 司 60%股权的议案》，同意公司以现金 50,000.00 万元收购代洪波、宋和明、梁 正斌合计持有的伊春金石矿业有限责任公司（以下简称"伊春金石矿业"）60% 股权，公司与交易对方代洪波、宋和明、梁正斌、伊春金石矿业、伊春金石矿业 其他股东崔龙飞签署了《关于伊春金石矿业有限责任公司之股权转让协议》（以 下简称"《股权转让协议》"），伊春金石矿业全体现有股东均同意放弃优先购 买权。本次交易完成后，公司持有伊春金石矿业 60%的股权，伊春金石矿业将成 为公司控股子公司并纳入合并报表范围。具体内容详见公司于 2025 年 12 月 9 日 披露的《关于收购伊春金石矿业有限责任公司 60%股权的公告》（公告编号： 2025-074）。 二、交易进展情况 近日，伊春金石矿业已完成本次股权转让相关工商变更登记手续，并取得了 伊春市市场监督管理局伊美分局核发的《营业执照》。变更后的工商登记信息如 下： 1、名称：伊春金石矿业有限责任公司 证券代码：000603 证券简 ...

Group 1 - The company Shengda Resources (000603) responded to investor inquiries on January 6, indicating that the China Securities Depository and Clearing Corporation Limited has not issued the shareholder register as of December 20, 2025 [1] - According to data provided by the China Securities Depository and Clearing Corporation Limited, the number of shareholders for the company was 35,139 as of December 19, 2025 [1]

Group 1 - The company confirmed that its mining operations are expected to be normal throughout the year, except for short suspensions due to the Spring Festival holiday and cold weather conditions [2] - The company's mining resources are primarily concentrated in the central and eastern regions of Inner Mongolia [2] - The company stated that its mining subsidiaries will flexibly adjust the ore dressing operation times based on temperature and mining conditions [2]

Group 1 - A total of 10 companies were investigated by funds on January 5, with a focus on companies such as Entropy Technology, Dineike, and Haopeng Technology [1] - Entropy Technology received the most attention, with 35 funds participating in its investigation, while Dineike and Haopeng Technology had 16 and 8 funds respectively [1] - The companies investigated by funds are distributed across various sectors, with the electronics, basic chemicals, and computer industries having the most representation [1] Group 2 - Among the companies investigated, only one has a total market capitalization exceeding 500 billion, while five companies have a market capitalization below 100 billion [1] - In terms of market performance, all investigated stocks have risen in the past five days, with Entropy Technology, Dineike, and Shengda Resources showing significant increases of 34.81%, 16.46%, and 10.83% respectively [1] - The net capital inflow for the investigated stocks included 6 companies, with Jingdongfang A seeing a net inflow of 863 million, followed by Entropy Technology and Shengda Resources with inflows of 259 million and 168 million respectively [2]

Group 1 - Precious metals are experiencing a correction due to increased margin requirements by CME, leading to a decrease in speculative sentiment and a drop in prices for silver, platinum, and palladium, with gold also following suit. Short-term outlook remains positive due to potential political events in the Americas around New Year's that may trigger safe-haven demand, alongside inflows into ETFs driven by interest rate cuts [1][2] - Copper prices have risen, supported by a supply-demand imbalance expected in 2026 due to lowered production forecasts from Freeport and Teck Resources. The expectation of increased fiscal spending by the U.S. government further strengthens this outlook, suggesting that current price adjustments present buying opportunities [2] - Aluminum is recommended for buying on dips, with macroeconomic support expected from the implementation of a national subsidy plan in 2026 aimed at stimulating demand. Supply disruptions are anticipated due to maintenance at the Mozal aluminum plant, while demand remains constrained by high prices and environmental production limits [2] Group 2 - Cobalt prices have increased across the board, with electrolytic cobalt prices rising significantly due to tight supply conditions. The domestic raw material market remains structurally tight, providing solid support for prices [3] - Lithium prices have surged, driven by favorable signals from domestic new energy vehicle subsidies and expected production resumption from a key mine. The overall demand for lithium hexafluorophosphate remains strong, suggesting that carbonated lithium will continue to deplete inventories, making it a buy on dips [3] - Investment recommendations include companies such as Xingye Silver Tin, Xiyang Co., Huaxi Nonferrous, and Zijin Mining, among others, indicating a focus on firms within the precious metals and base metals sectors [4]

Group 1: Company Development Strategy - The company will focus on developing existing mines while continuing to pursue mineral resource acquisitions over the next 3-5 years [1] - Acquisition projects will be selected based on proven mineral resource reserves and future exploration potential, aiming for controlling stakes with a mine service life of over 15 years [1] - The primary targets for acquisitions will be high-quality native mineral resources such as silver, gold, and copper [1] Group 2: Overseas Acquisition Considerations - The company is exploring overseas acquisitions, considering factors like resource conditions, pricing, political risks, community relations, and legal regulations [2] - A cautious approach will be taken, with plans to develop further once international conditions stabilize and existing projects yield stable outputs [2] Group 3: Project Development and Exploration - The focus for 2026 is on advancing the exploration and transition to production for the 460 highland copper-molybdenum project, aiming for construction to start in 2027 [3] - The company has not yet conducted detailed exploration of the II and III gold ore belts at Yichun Jinshi Mining, prioritizing the copper-molybdenum project [5] Group 4: Financial and Operational Insights - The Ba Yan Bao Le Ge mining area has a production capacity of 900,000 tons per year and covers an area of 2.3206 square kilometers [6] - The company can simultaneously develop both the 460 highland copper-molybdenum project and the silver polymetallic project without affecting capital expenditures [6] - The gold recovery rate during trial production at Honglin Mining is between 91%-92%, while the copper recovery rate is around 90% [6] Group 5: Future Financing and Dividend Strategy - The company has stable cash flow and plans to use its own funds for mining construction and acquisitions, with potential financing from financial institutions based on future needs [7] - Future dividend policies will consider industry characteristics, development stages, operational models, profitability, debt repayment capacity, and investor returns [7] - The company will avoid high-priced acquisitions even in a competitive acquisition environment, focusing on cost-effectiveness [7]